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    US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
    “Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
    Workers need to be disciplined by the labor market, he insisted.
    Powell argued, “There’s a path by which we woul...
    Federal Reserve wants lower wages
    37
    Recently, metaverse has become the hottest topic to which mooers are paying close attention. Standing on the cusp of virtual social networking, social media giant Facebook has changed its name to lead the latest trend. $Meta Platforms(FB.US)$ Events are happening every day in moomoo. Which trends are mooers riding?
    To embrace the new trend, @moomoo Academy is changing its name. We are still committed to sharing the most advanced investment ideas and knowledge, launching activities to gather your views, and posting the outstanding ones in the account for all of you. Here is where mooers' wisdom is accumulated, and gamification strategies are adopted to make teaching more engaging!
    Let's get together to brainstorm and choose a new trending name for @moomoo Academy. Here, we have three proposals:
    1. Meta Moo
    Learning is like playing a game where you work hard to defeat the monsters to get to the higher levels. Intuition developed from the past investing experience becomes a vital part of an investor's toolkit. Immerse yourself in moomoo and explore the virtual gamification elements of social interaction.
    2. moomoo Idea
    Collect every idea you have when you are investing, and finally, construct your unique investment logic. Here, we are presenting the investment insights shared by you, our dear friends.
    3. mooers Strategy
    Share your investment strategies and experiences with all mooers so that beginners can learn from the experienced and mooers can interact with their counterparts. You are improving as you are communicating.
    Hunting moment! Cast your precious vote in the name-changing survey of @moomoo Academy.
    We are calling on mooers to be part of the name changing event and become the content producers of the new account. Name changing is so cool, and we want you to be part of it. Please remember that all suggestions are welcome and appreciated.
    If you have a better name, please leave it in the comment below!
    33
    El Salvador intends to issue the world's first sovereign Bitcoin bonds and build a Bitcoin city at the base of a volcano, with the cryptocurrency used to fund the project, its president has announced. $Bitcoin(BTC.CC)$
    The city will be circular to represent the shape of a large coin and will be built in the south-eastern region of La Unión, President Nayib Bukele said.
    The site would take advantage of the Conchagua volcano's geothermal energy to power Bitcoin mining, and no income taxes would be levied in the city, only value added tax (VAT), he added.
    It means 0% capital gains tax, 0% payroll tax, 0% income tax, 0% property tax, 0% municipal tax etc
    Does it sound good enough for you? Or does the crime problem hold you back from moving there?
    Source:
    El Salvador Bitcoin city planned at base of Conchagua volcano
    Daily Poll: El Salvador plans ‘bitcoin city’ powered by volcano
    2
    $TENCENT(00700.HK)$ If a business is cheap today, you look for slowing growth. Slower earnings growth suggests high forward valuations, so it must be a sustained decline. Many investors call it "value investing" because today's valuations are cheap. Every time the global monetary tightening cycle, Hong Kong stocks will catch a lot of people, because Hong Kong stocks in RMB and DOLLER far, poor liquidity, and liquidity is the performance of the amplifier. $XIAOMI-W(01810.HK)$ $MEITUAN-W(03690.HK)$
    Belle Lei commented on and voted
    Spoiler:
    At the end of this post, there is a chance for you to win points!
    Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
    Part One: Make Your Choices
    Part Two: Buzzing Stocks List & Mooers Comments
    Every major index moved higher last week. Here is the weekly buzzing stock list of last week:
    1. AMC - Buzzing Stars: ⭐⭐⭐⭐⭐
    After hitting a high of $52.79 on Sept. 13, $AMC Entertainment(AMC.US)$ entered into a downtrend and declined to a low of $40.010 last Friday. 
    ● Mooers comment
    @demntia:
    2. TSLA - Buzzing Stars: ⭐⭐⭐⭐
    Tesla shares closed at $774.390 last Friday after delivering its beta button, which brings the next level of autonomous driving to its car owners.
    ● Mooers comment
    @laksh: Tesla is just starting to warm up
    Aside from the huge potential in the future, the near term catalysts as follows:
    1) 3rd Quarter deliveries, 2nd Oct (Wall street est: 220k, personal opinion: 235-240k)
    2) AGM Oct 7th in Giga Texas (Potentially something could be announced since they have chosen to do it here)
    3) FSD Wide roll out (By 3rd of Oct many more drivers shd be driving using 10.1 after the 7 day period lapses to assess behavior)
    Read More...
    3. FUTU - Buzzing Stars: ⭐⭐⭐⭐
    Closing at $93.220, FUTU stock registered a weekly decrease of 2.51%.
    ● Mooers comment
    @GratefulPanda: Great little feature of moomoo
    This is a small feature, but I really appreciate how my watchlist will automatically rearrange themselves to show the stocks from active markets at the top of my watchlist. Read more...
    4. AAPL - Buzzing Stars: ⭐⭐⭐⭐
    Apple shares rose 0.59% to $146.920 last week, with new Apple iPhone models hit the stores last Friday.
    ● Mooers comment
    @GoldSeeker: Here to show off my iphone 13 pro
    @Apollod Wed: The iPhone 13 series boxes have also shrunk.Is this for environmental protection?
    5. ATER - Buzzing Stars: ⭐⭐⭐
    Shares of ATER finally stood at $12.960  with a weekly increase of 17.18% after reaching an agreement with its lender High Trail to pay down its outstanding secured term debt last Thursday.
    ● Mooers comment
    @several-Ad3818: $Aterian(ATER.US)$ I tought it would have opened green. anyone has updates on short interest and available shares to short?
    6. BABA - Buzzing Stars: ⭐⭐⭐
    BABA stock was down 9.35% last week and its price closed at $145.080 with its news over the tech crackdown in China.
    ● Mooers comment
    Share your idea with @orangejusabout Market sentiments >> Value
    $Alibaba(BABA.US)$ Unbelievable. A company with such huge profit margins and cash stockpile, is going down day after day from any and all negative news, even if it had nothing to do with it.
    7. NIO - Buzzing Stars: ⭐⭐⭐
    NIO stock was in a downtrend last week despite officially rolling out the new battery last Thursday, closing at $35.380 after declining 1.75% last Friday.
    ●  Mooers comment
    @sun2038: $NIO Inc(NIO.US)$ bought at 36, thinking whether sell at 46.  Not sure possible or not? Any prediction on future? thanks
    What is your prediction?
    8. LCID - Buzzing Stars: ⭐⭐⭐
    LCID stock closed at $25.430 with a weekly rise of 10.76%, registering three weeks of continuous increase. The company is well-funded, and nearing the start of production of its first vehicle model, the "Lucid Air".
    ● Mooers comment
    @Tangobull: $Lucid Group(LCID.US)$ buy for future, EV Ferrari.
    What's your view?
    9. BBIG - Buzzing Stars: ⭐⭐⭐
    As Fed hints at tapering, shares of BBIG closed at $6.320 last Friday following a four consecutive days fall.
    ● Mooers comment
    @Timothy Roberts: $Vinco Ventures(BBIG.US)$reached my target zone (61.8 Fib) & can correct even more. If you want to buy long term: Do it step by step;)
    10. GREE - Buzzing Stars:⭐⭐
    After Greenidge Generation and Support.com’s merger, GREE has now tumbled by 34.13% over the past week and 54.12% during the past month.
    ● Mooers comment
    @Pocodo: $Greenidge Generation(GREE.US)$ In this moment, I rather believe hat cow can climb tree than GREE can go GREEN. 😬😬😬
    Thanks for your reading!
    Part Three: Weekly Topic
    Time to be rewarded for your great insights and knowledge!
    This week, we'd like to invite you to comment below and share your view on:
    "Everyone says I should invest in stocks, but I am nervous about the markets. Should I be? And what should I invest?"
    Disclaimer: Comments below are made available for informational purposes only. Before investing, please consult a licensed professional.
    We will select 10 TOP COMMENTS by next Monday.
    Winners will get 288 points by next week, with which you can exchange gifts at Reward Club.
    *Comments within this week will be counted.
    Top Comment Technique:
    ● Fundamental / Technical / Capital Analyses
    ● Personal Trading Experience
    ● Any bright insights or knowledge
    How to find Rewards Club?
    Previous of WeeklyBuzz
    Weekly Buzz: "The only green stocks I own right now."
    Weekly Buzz: "I’ve definitely learned my lesson this year. "
    Weekly Buzz: The level of rich I wanna be.
    Weekly Buzz: The level of rich I wanna be.
    Weekly Buzz: The level of rich I wanna be.
    +3
    97
    A K-chart, also called a candle chart, is an analysis of the movement of a stock. Through analysis and research of K-charts, we often find the best selling points. So, for such a K-line to be analyzed, how should we determine its trajectory? The purpose of studying stock k charts is to help us analyze stock trends and find the buy and sell points of stocks. The following small volume introduces five types of K-line selling styles in the mainstream. 1. Uniform air head arrangement stops damage. Uniform air head arrangement and dispersion downwards. The equilateral line is diffused by a bonding arrangement downwards, which is a strong bearish signal! Customers need to be careful at this time. For stocks that have fallen below their mark, do not assume that it will backfire. You can consider intervening only when the stock price is above the 10-day average and crossing the 10-day average on the 5-day line, and if it crosses the 30-day average on the 10-day line.
    2. In 60 minutes, the K line high appears, the neck line is to sell the stock to the high level. Suddenly, the plate does not break off within 60 minutes, causing the stock price to fall quickly, and then buy in, and the stock price gradually rises back to near the previous 60 minutes K line record price, forming a hanging line. This K-line is a relatively obvious space shape. The larger the gap to jump downwards the next day the top line appears, the greater the probability of a fall.
    3. The appearance of the Death Valley shape is to sell the characteristics of the Death Valley form: the short-term line undergoes the intermediate, the long-term average line, and the intermediate line undergoes the long period. An irregular triangle is formed from the side with the tip pointing downwards. Death Valley Formative Meaning: Death Valley, from the name of it, is scary. The appearance of a technical death valley means that the index is about to fall significantly. Do not fall by more than 20%, so do not consider the basis of plagiarism. The chances of encountering “Death Valley” should not be many, as more of it comes to the fore after the blasphemy affair.
    The appearance of Death Valley indicates that the atmosphere has accumulated quite a lot of killing energy, which is a typical sell signal. After the death valley pattern is completed, if the straight line does not continue to fall and instead forms a death valley shape after a while, the theory is that the stock price is supported, but the support strength weakens, this is a stronger sell signal. 4. A daily price appears after the price rises steadily after the peak of selling, and then a short-term adjustment will occur, and then rebound again. At this time, the trading volume fell sharply, and the stock price could not exceed the daily price to sell.
    As shown above, the daily price of the stock at $37.7 did not continue to break through the volume on the next day, but there was a short-term adjustment. It rallied again on the fourth day, but the trading volume declined and the share price did not break above $37.7, which was a strong sell signal, and the stock subsequently fell sharply. 5. THE HIGHS OF THE RANGE APPEAR LARGE WHEN THE STOCK PRICE HAS GONE THROUGH AN UPSWING, WHEN THE MARGIN HAS REACHED A STAGGERING 20% OR MORE. AT THIS TIME, THE STOCK PRICE WILL GENERALLY ENTER A PERIOD OF ADJUSTMENT, AND AT THIS TIME, THE MAIN POWER IS VERY LIKELY TO SELL OUT HERE, SO WE ARE WEAK IN THE STOCK PRICE In that case, we should be wary of the huge numbers on the plate, especially when the turnover rate reaches more than 20%, and we should sell the fruit! As shown in the following figure:
    What are the characteristics of a breakout in a stock market? 1. The current stock price space position has been at a high level, from the starting point, it has reached or exceeded the measurement margin in the short term, and there are many gains, and at this time there may be a short-term head move. 2. At present, the short-term trend has become sluggish and the weather has failed, and it is clearly felt on the plate that it is not enough to attack, and the probability of a downward shift is great, at this time it is necessary to be alert for the arrival of short-term heads. 3. At present, the K-line structure has clear head features, such as the K-line shape structure of the high-altitude low-lying solar line, the high-altitude cross tombstone line, and the high-altitude oblong overlay line, which are ominous signs and need to be alarmed.
    Translated
    First you need to understand what the arguments and conditions you were buying at the time are, before you need to sell after the conditions and arguments have changed.
    Translated
    Belle Lei commented on
    In 2021, Futu turns 9 years old. Having accompanied millions of users for 9 years.
    As we celebrate our 9th birthday, we look back into the past and try to uncover memorable moments, and found that every unforgettable moment was spent with you—our dear users:
    In 2012, Futu embarked on an exciting journey with you.
    In 2019, we were listed on the Nasdaq.
    In 2020, we onboarded our 10 millionth user.
    In 2021, we advanced into more markets across the globe, welcoming more than 15.5 million users from over 200 countries and regions…
    As we celebrate our 9th birthday, we feel ever more motivated by our founding vision: “make investing easier and not alone”. It is the millions of users in our community that make investing “not alone”. These 9 years with you are the best time that we have ever spent.
    As we celebrate our 9th birthday, we would like you to know: We wish to continue accompanying you on your investing journey ahead, for the next 9 years or even 90 years.
    As we celebrate our 9th birthday, we sincerely want to invite you - our dear users - to share your moomoo stories in the past years.
    [About the Event]
    We wish to invite our users to share their moomoo stories and 9 representative users will be selected. If you are interested, please send your moomoo story or your self-introduction to the official email address: futupr@futunn.com.
    The email should include: (ideally 300-500 words, the more the better)
    -Your name,  moomoo ID,  Nationality, Occupation
    -Your moomoo story: When you started using Futu services and products via moomoo; what you want to share with us and fellow users
    -A casual photo of yourself or a photo of you with a moomoo figurine (optional, less than 5M)
    [What to Do If I Am Selected as a Representative User?]
    ① You should be willing to take an interview themed "My moomoo Story", which will be disseminated via global and Futu/moomoo official media channels in the form of image and text.
    ② You should be willing to take a photo against a pure-colored background or a photo that presents your daily life. The photo will be used for the poster of "Futu 9th Anniversary—Representative Users", which will be disseminated globally.
    ③ You should be willing to participate in a video filming. The video will be used for the video of "Futu 9th Anniversary—Representative Users", which will be disseminated globally.
    *Detailed information on the specifications of the photos and videos will be further discussed with you by our staff.
    [Application Period]
    September 16 – September 22
    [Gift Package for Selected Users]
    If you are selected as a representative user, share your Futu story, and participate in the photo taking and video filming, you will receive a US$999 stock card*, and a lucky bag containing exquisite moomoo merchandise.
    [Gift Package for Event Participants]
    User that actively participated in the Event but are not selected will receive 999 points* as a thank you gift.
    *T&Cs apply:
    Singapore Users: tap to read full T&Cs
    U.S. Users: tap to read full T&Cs
    [Call for Stories] Futu Turns 9 and You Are Invited to Share Your “moomoo Stories”!
    1077
    Belle Lei commented on and voted
    Yooo mooers,
    Nice to see you again!!
    Hope you guys find the first 2 sessions helpful and interesting.
    Sooooo glad to see you in the 3rd session of mooSchool summer camp, I know persistence is not easy in any form. Continue the good work and I believe your efforts will be paid.
    We are going to talk about 'Stock Screener' in this session, I mean literally 'talk'. The stock screener allows you to define criteria that fit your investment objectives. Fo...
    470
    Belle Lei reacted to
    Hi mooers,
    How did you celebrate Father's Day? Has anyone not yet shared #My NO.1 Trading Rule in our contest? TODAY IS YOUR FINAL CHANCE! Share your story and win a FREE $BlackBerry(BB.US)$stock!
    BONUS
    Many of you are passionate storytellers and talented writers. We've received over 1200 posts and we totally feel your enthusiasm. So, we just decided to give out additional 100 bonus gifts! Besides the original 10 share of  ...
    FINAL CALL: Share Your NO.1 Trading Rule to Win Free $BB and $SNDL Bonus Stocks!
    FINAL CALL: Share Your NO.1 Trading Rule to Win Free $BB and $SNDL Bonus Stocks!
    FINAL CALL: Share Your NO.1 Trading Rule to Win Free $BB and $SNDL Bonus Stocks!
    +4
    412